HSBC Purchase Plus review
Best 0% Purchase
Up to 28 months 0% on purchases. One of the longest interest-free purchase periods in the UK. Great for spreading big costs.
Overview
The HSBC Purchase Plus offers one of the longest 0% interest periods on purchases available in the UK — up to 28 months. If you need to spread a large purchase (furniture, appliances, home improvements) over time without paying interest, this is the card to use.
Who Is This Card Best For?
- Large one-off purchases — spread the cost over 2+ years interest-free
- Home improvers — new kitchen, bathroom, or furniture without interest
- Planned big expenses — weddings, holidays, technology
- Disciplined budgeters — those who will pay off before the 0% ends
How It Works
- Apply and get approved (requires good credit score)
- Make your purchase on the card
- Pay the minimum each month, or set a fixed amount to clear it in time
- Pay no interest for up to 28 months
If you buy a £3,000 sofa on this card, divide by 28 months = £107/month. Set up a standing order for that amount and the debt is cleared before interest kicks in. You have essentially got a 0% loan.
Repayment Example
| Purchase |
0% Period |
Monthly Payment |
Total Cost |
| £1,000 |
28 months |
£36 |
£1,000 |
| £3,000 |
28 months |
£107 |
£3,000 |
| £5,000 |
28 months |
£179 |
£5,000 |
Compare this to a personal loan at 7% APR on £3,000 over 28 months: total cost £3,270. The card saves you £270.
Key Details
| Feature |
Details |
| Annual fee |
£0 |
| 0% purchase period |
Up to 28 months |
| APR after 0% period |
24.9% variable |
| Balance transfer |
Not offered |
| Rewards |
None |
After 28 months, the APR jumps to 24.9%. Any remaining balance starts accruing expensive interest immediately. You MUST have a plan to clear the balance before the 0% period ends. Set calendar reminders and automate payments.
What This Card Lacks
- No rewards or cashback — purely a 0% card
- No balance transfer offer — separate card needed for existing debt
- High APR after intro period — 24.9% is punishing if you miss the deadline
- Requires good credit — not available to everyone
The Bottom Line
The HSBC Purchase Plus is the best card for spreading large purchases interest-free. 28 months at 0% is essentially a free loan. The only rule: clear the balance before the intro period ends. If you can do that, this card saves you real money on any big purchase.
Pros
- Up to 28 months 0% on purchases
- No annual fee
- Mastercard acceptance
- Spread large purchases interest-free
- HSBC banking integration
Cons
- No rewards or cashback
- Reverts to high APR after intro
- Requires good credit score
- No balance transfer offer